Zacks Investment Research downgraded shares of Vodafone Group PLC (NASDAQ:VOD) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone. “

VOD has been the topic of several other research reports. BidaskClub downgraded shares of Vodafone Group PLC from a hold rating to a sell rating in a research note on Tuesday, October 10th. Numis Securities Ltd initiated coverage on shares of Vodafone Group PLC in a research note on Friday, July 14th. They set an add rating on the stock. UBS AG reissued a buy rating on shares of Vodafone Group PLC in a research note on Monday, October 2nd. Bank of America Corporation raised shares of Vodafone Group PLC from a neutral rating to a buy rating and set a $32.56 price objective on the stock in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co reissued a buy rating on shares of Vodafone Group PLC in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $31.52.

Vodafone Group PLC (NASDAQ:VOD) traded down 0.17% on Wednesday, reaching $28.93. 1,743,828 shares of the company’s stock were exchanged. The company’s market cap is $77.02 billion. Vodafone Group PLC has a 12-month low of $24.17 and a 12-month high of $30.39. The firm has a 50 day moving average of $28.61 and a 200-day moving average of $28.41.

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Large investors have recently bought and sold shares of the business. Vantage Financial Partners Ltd. Inc. purchased a new position in Vodafone Group PLC during the second quarter worth approximately $579,000. Clear Perspective Advisors LLC raised its stake in Vodafone Group PLC by 13.8% during the second quarter. Clear Perspective Advisors LLC now owns 3,628 shares of the cell phone carrier’s stock worth $104,000 after purchasing an additional 440 shares during the period. Advisory Services Network LLC raised its stake in Vodafone Group PLC by 21.0% during the second quarter. Advisory Services Network LLC now owns 4,433 shares of the cell phone carrier’s stock worth $127,000 after purchasing an additional 768 shares during the period. Ropes Wealth Advisors LLC raised its stake in Vodafone Group PLC by 387.8% during the second quarter. Ropes Wealth Advisors LLC now owns 4,654 shares of the cell phone carrier’s stock worth $134,000 after purchasing an additional 3,700 shares during the period. Finally, Pacific Center for Financial Services raised its stake in Vodafone Group PLC by 9.9% during the first quarter. Pacific Center for Financial Services now owns 5,018 shares of the cell phone carrier’s stock worth $133,000 after purchasing an additional 452 shares during the period. 10.21% of the stock is currently owned by institutional investors.

Vodafone Group PLC Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

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